Advanced chemical industries is awaiting the verdict from a court case over whether it is liable
for the clean-up of wastes on a disused factory site. if it is liable, this will result in a reduction of
its free cash flow by $11 million per year for ten years. if it is not liable, there will be no effect.
on the close of trading the day before the announcement of the verdict, advanced chemicals
was trading at $20 per share. most investors calculate that there is a 100% chance that advanced
chemicals will have a verdict returned against them. one investor, jo, has performed extensive
research into the outcome of the trial and estimates that there is no chance advanced chemicals
will have a verdict returned against them. given that advanced chemicals has 40 million shares
outstanding and an equity cost of capital of 6% with no debt, joʹs estimate of the value of a share
of advanced chemicals would be how much more than the market price?
a) $2.02
b) $20.81
c) $21.01
d) $21.62

Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?

The new york stock exchange is an example of what type of stock market?

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?